The Hang Seng index fell 0.9 percent to 21,384.4 while the China Enterprises index fell 0.7 percent, with recent outperformers, such as banking and energy shares, the biggest drags. Both indices lost more than 3 percent this week.

On the mainland, the CSI300 of top Shanghai and Shenzhen listings fell 0.2 percent while the Shanghai Composite closed down 0.1 percent. The indices lost 2.9 percent and 2.3 percent on the week respectively.

HIGHLIGHTS:

* Chinese banking and energy shares, the best performing sectors in October, were hit by more profit-taking and were the biggest drags on the Hang Seng. China Construction Bank and Petrochina fell 1 percent while Sinopec dropped 1.6 percent.